Indian economy may grow by 6.75 per cent during the current financial year despite the adverse impact of monsoon on farm sector output, the Prime Minister's Economic Advisory Council (PMEAC) said on Wednesday.

"(It is) unlikely that growth will be lower than 6.25 per cent, but may reach 6.75 per cent", PMEAC said in its Economic Outlook for 2009-10 submitted to Prime Minister Manmohan Singh by its chairman C Rangarajan.